Assenagon Asset Management S.A. Purchases Shares of 18,221 Nordson Corporation $NDSN

Assenagon Asset Management S.A. acquired a new position in Nordson Corporation (NASDAQ:NDSN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 18,221 shares of the industrial products company’s stock, valued at approximately $4,381,000.

A number of other large investors have also recently made changes to their positions in the business. MAI Capital Management increased its position in Nordson by 75.5% during the 2nd quarter. MAI Capital Management now owns 337 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 145 shares during the period. Prudential Financial Inc. boosted its stake in shares of Nordson by 10.4% during the 2nd quarter. Prudential Financial Inc. now owns 31,902 shares of the industrial products company’s stock valued at $6,839,000 after purchasing an additional 2,999 shares in the last quarter. Boston Partners purchased a new position in shares of Nordson during the second quarter valued at about $3,009,000. Elevation Point Wealth Partners LLC raised its stake in Nordson by 3.5% in the second quarter. Elevation Point Wealth Partners LLC now owns 1,436 shares of the industrial products company’s stock worth $308,000 after buying an additional 48 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in Nordson by 0.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 48,790 shares of the industrial products company’s stock worth $10,459,000 after buying an additional 360 shares during the period. 72.11% of the stock is currently owned by institutional investors.

Insider Activity

In other Nordson news, CEO Sundaram Nagarajan sold 41,800 shares of Nordson stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $293.26, for a total value of $12,258,268.00. Following the completion of the transaction, the chief executive officer directly owned 64,824 shares of the company’s stock, valued at approximately $19,010,286.24. The trade was a 39.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph P. Kelley sold 8,725 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $293.04, for a total transaction of $2,556,774.00. Following the sale, the executive vice president owned 7,268 shares in the company, valued at approximately $2,129,814.72. The trade was a 54.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 73,577 shares of company stock worth $21,484,216 over the last three months. 0.84% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NDSN. Vertical Research raised Nordson from a “hold” rating to a “buy” rating and set a $270.00 target price for the company in a research report on Monday, December 15th. Jefferies Financial Group restated a “hold” rating and set a $300.00 price target on shares of Nordson in a research report on Monday, February 23rd. Wall Street Zen upgraded Nordson from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Oppenheimer raised their price objective on Nordson from $285.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, February 24th. Finally, KeyCorp boosted their target price on shares of Nordson from $295.00 to $325.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $311.50.

Nordson Price Performance

NDSN stock opened at $260.21 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.74 and a current ratio of 2.72. The firm has a 50 day moving average price of $279.91 and a 200-day moving average price of $251.80. Nordson Corporation has a 52-week low of $165.03 and a 52-week high of $305.28. The firm has a market capitalization of $14.51 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 1.76 and a beta of 0.98.

Nordson (NASDAQ:NDSN) last posted its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.01. Nordson had a return on equity of 19.73% and a net margin of 18.39%.The company had revenue of $669.46 million for the quarter, compared to the consensus estimate of $652.68 million. During the same quarter in the prior year, the business posted $2.06 EPS. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. Nordson has set its FY 2026 guidance at 11.000-11.600 EPS and its Q2 2026 guidance at 2.700-2.900 EPS. Equities research analysts forecast that Nordson Corporation will post 10.2 EPS for the current fiscal year.

Nordson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Thursday, March 19th will be paid a $0.82 dividend. The ex-dividend date is Thursday, March 19th. This represents a $3.28 dividend on an annualized basis and a yield of 1.3%. Nordson’s payout ratio is presently 35.42%.

About Nordson

Nordson Corporation designs, manufactures and markets precision dispensing equipment and systems that apply adhesives, coatings, sealants and polymers in a broad range of industrial and medical applications. The company’s portfolio spans fluid systems, curing and surface preparation technologies, vacuum and thermal management products, and advanced test and inspection solutions. Nordson’s offerings serve critical manufacturing processes by delivering exacting dispensing accuracy and process control to ensure consistent product performance and high production throughput.

Nordson operates through multiple segments that cater to diverse markets including electronics, packaging, medical, energy, automotive and general industrial sectors.